Deutsche Bank upgraded Parker-Hannifin to Buy from Hold with a price target of $506, up from $462. The firm believes Parker-Hannifin is increasingly becoming a core holding within industrials for PMs, and rightfully so, as the company has proven its ability to deliver superior operational execution in many macro environments. This can be attributed to the company’s Win Strategy, but also to major portfolio change over the past decade, the analyst tells investors in a research note.
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Read More on PH:
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